Thriving Flooring And Bed Retailer In Lancashire For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving carpet and flooring retailer, which was established by our client in 1990 and which is only now being placed on the market due to our clients' wish for a career change. The business trades 7 days a week and generates a turnover in the region of £800,000 per annum with a gross profit of 22% (not including bed sales). The majority of the turnover is generated from domestic customers. The business covers the whole of the north west and is an established retailer of a range of well-known brands, including Amtico, Karndean, Wilton, Brintons, Ulster, Axminster and Pergo. Our client also offers an installation service and we are advised that all the fitters are National Institute of Carpet and Floor Layers accredited. We feel the turnover could be further increased by embarking on a modest marketing campaign and establishing commercial contracts. The business has a loyal customer base and is renowned for providing major brands at competitive prices. There is a website in place advertising the business and services provided, which we feel would benefit from online ordering facilities. The premises are well-equipped to suit the trade and boast numerous display rooms. The property has been well-maintained and finished to a high standard. We have been advised that there are 2 vehicles included in the sale. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Freehold

Lease terms:

New lease to be negotiated
Freehold option £490,000 + SAV

Location:

This carpet and flooring retailer occupies substantial 2-storey premises, ideally located in a prominent trading position on a busy main road on the outskirts of a market town in Lancashire. The premises benefit from ample parking in the vicinity and are surrounded by a wealth of complementary shops and businesses. The property is surrounded by a densely populated residential area and the business enjoys a high footfall with much passing trade. The town centre possesses a range of amenities and attractions. The area is well-served by public transport with numerous bus routes. The premises are easily accessed via the A-road and motorway networks.

Premises details:

Substantial 2-storey mid-parade retail premises with various showrooms. Briefly comprising:

Ground Floor
• Sales area with desk and computer
• Main showroom with numerous display areas
• Kitchen
• WC and wash hand basin
• Sales office
• Bed display area
• Rear entrance

First Floor
• Further showrooms
• Office
• WC and wash hand basin
• Storage/warehouse areas

External
• Parking to rear

Business Operation

Trading hours:

Mon - Sat: 9:00am to 5:00pm
Sun: 11:00am to 4:00pm